7 factors to consider while selecting the health insurance for senior citizen

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Important factors to consider while selecting
the best senior citizen health insurance plans
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Age

• A critical aspect in senior citizen health
  insurance plans is the age factor.
• The best senior citizen health insurance plans
  are those that allow entry even at the age of 80.
  Pick a plan that provides the longest coverage
  tenure, allowing entry at any age, along with
  medical cover that goes on for a longer period.

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Sum Insured

• The sum insured or health cover is another vital
  consideration when selecting a senior citizen
  health insurance plan. With advancing age, health
  risks increase and therefore senior citizens need
  higher health cover protection. Consider the
  right face value - higher the face value, higher
  the final coverage provided.

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Coverage

• It is essential to ensure that the best senior
  citizen health cover a broad range of illnesses,
  particularly critical illnesses, as chances of
  such incidences increase with progressing age.
  You must also thoroughly review all terms and
  conditions concerning exceptions, i.e., the
  illnesses that the policy does not cover,
  especially the pre-existing medical conditions.

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Pre-Existing Medical Conditions

• Defined in the health insurance policy itself is
  the waiting period before a claim can be made for
  a pre-existing medical condition.

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Broad Hospital Network

• A senior citizens health insurance policy should
  ideally have a broad network of hospitals,
  including the good ones in their immediate
  vicinity.

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Premium

• Premiums are another important consideration when
  comparing health insurance policies for senior
  citizens. Because senior citizens are at higher
  health risk levels, insurance companies usually
  charge higher premiums.